Pound Sterling GBP/USD 1 Week Chart Although opinion polls have indicated that the Conservative lead over Labour is continuing to narrow the Pound recovered some ground in the wake of the bank holiday weekend. While the outcome of the general election appears less assured than markets would have liked the odds still favour a victory... View article >
Of the FX majors, the New Zealand dollar has been the best performer in May. At the end of yesterday’s New York session, with NZD/USD at 0.754, the pair is up 2.9% since May 1st. By comparison, the kiwi’s closest cousin, the Australian dollar, is down 0.5% against the US dollar. The New Zealand dollar... View article >
On Monday, the South African rand opened sharply higher against the dollar upon Sunday’s late news that several members of the African National Congress party’s top leadership had failed in a bid to remove their party leader and South African president Jacob Zuma. ZAR/USD gapped up to 0.0787 at the open, up 1.2% on Friday’s... View article >
Throughout May, the British pound has battled with the $1.30 level against the US dollar. Since April 27th, the majority of trading in GBP/USD has occurred within a narrow range between $1.2845 and $1.30. Only once since that date did the pair manage to post a close above $1.30, which occurred on May 19th at... View article >
The Thai baht had its best day yesterday since March and has forced itself to 22-month and 15-month highs against the US dollar and Australian dollar respectively. USD/THB fell by 0.55% yesterday to 34.15, finally breaking the 34.25 level that had held the pair up since April 3rd. And the baht has strengthened again this... View article >
The Canadian dollar is in demand. An ever-so-slightly hawkish Bank of Canada statement, ever-so-slightly doveish FOMC minutes, and a surge in oil prices combined to crush USDCAD. It plunged from its pre-BoC perch of 1.3530 yesterday, to an overnight low of 1.3388. Profit taking and Opec meeting headlines lifted USDCAD to 1.3435 at the New... View article >
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